Magazine mocks California as “the Venezuela of North America”

When it comes to business climate, California ranks last among the states according to the latest attack on the rules and red tape despised by the respondents to a survey by CEO Magazine.

The article poses this rhetorical question:

“How is it that the nation’s most populous state at 37 million, one that is the world’s eighth-largest economy and the country’s richest and most diverse agricultural producer, a state that had the fastest growth rate in the 1950s and 1960s during the tenures of Democratic Governor Pat Brown and Republican Governors Earl Warren and Ronald Reagan, should become the Venezuela of North America? . . . By contrast, Texas, the second-most populous state and the world’s 12th largest economy, is where 70 percent of all new U.S. jobs have been created since 2008.”

Do we need to Texify California to attract industry? And what would that mean?